Global Container Rates Expected to Stabilise
PORTS & SHIPPING

Global Container Rates Expected to Stabilise

According to Vikash Agarwal, the Managing Director of Maersk South Asia, global container rates are anticipated to regain stability after a significant decline earlier this year. Agarwal highlights that the current sluggish demand and economic difficulties have contributed to the soft market. To address risks, companies are focusing on diversifying their supply chains, a trend driven by the Western economies' struggles. Agarwal sees the post-Covid era as an opportunity for businesses to rethink their supply chains and strategies for future supplies. He emphasises that a gradual shift in supply chains is inevitable over the next decade, with potential gains for countries like India, Vietnam, and African nations.

Agarwal acknowledges the sharp drop in container rates since the pandemic's onset, but he expresses hope for a rebound in demand and rates. He notes that the industry faced concerns during the first half of the year, but signs of stability and rate improvement are emerging in the second half. The restocking process is anticipated to contribute to the ongoing upward trend. Despite the challenges, Agarwal remains optimistic about the recovery of container rates.

According to Vikash Agarwal, the Managing Director of Maersk South Asia, global container rates are anticipated to regain stability after a significant decline earlier this year. Agarwal highlights that the current sluggish demand and economic difficulties have contributed to the soft market. To address risks, companies are focusing on diversifying their supply chains, a trend driven by the Western economies' struggles. Agarwal sees the post-Covid era as an opportunity for businesses to rethink their supply chains and strategies for future supplies. He emphasises that a gradual shift in supply chains is inevitable over the next decade, with potential gains for countries like India, Vietnam, and African nations. Agarwal acknowledges the sharp drop in container rates since the pandemic's onset, but he expresses hope for a rebound in demand and rates. He notes that the industry faced concerns during the first half of the year, but signs of stability and rate improvement are emerging in the second half. The restocking process is anticipated to contribute to the ongoing upward trend. Despite the challenges, Agarwal remains optimistic about the recovery of container rates.

Next Story
Building Material

JK Lakshmi Cement posts Rs 190.24 mn loss in Q2; revenue dips 2.2%

JK Lakshmi Cement reported a consolidated net loss of Rs 190.24 million for the second quarter ending September 30, 2024, attributing the downturn to a drop in sales realisation. This was a significant change from the previous year when the company recorded a profit of Rs 950.87 million during the same period, as indicated by JK Lakshmi Cement (JKCL), the flagship company of JK Organisation. Revenue from operations for the September quarter decreased by 2.16 per cent to Rs 12.34 billion, compared to Rs 15.74 billion in the year-ago period. Additionally, JKCL's total expenses were slightly low..

Next Story
Infrastructure Energy

Epsilon partners with S Korean firm for high-capacity Li-ion batteries

Battery material manufacturer Epsilon Advanced Materials announced that it has partnered with South Korean firm Daejoo to develop a Silicon-Graphite composite aimed at enhancing the discharge capacity of lithium-ion batteries. Under this joint initiative, the two companies have set an ambitious goal to create materials for lithium-ion batteries with a capacity of 450 - 600 mAh/g, targeting a 50 per cent increase in discharge capacity and a life span extended by thousands of cycles, according to Epsilon. As part of this collaboration, Epsilon will supply synthetic Graphite to be utilised in..

Next Story
Infrastructure Transport

Govt plans next phase of airport privatisation in 2025-26 Budget

The central government is preparing to initiate the next phase of airport privatisation and development under the public-private partnerships (PPP) model following the 2025-26 Budget, as per information from three officials familiar with the plans. According to a senior official from the Ministry of Civil Aviation, the cabinet note outlining the next phase of airport privatisation is nearly finalised and will be presented to the Ministry of Finance next week, before being forwarded for Cabinet approval. The official further indicated that the central government is keen to begin this process ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000